### What is SKALE?
SKALE is a Layer-2 Ethereum sidechain network that creates a high-throughput, low-latency, low-cost environment for decentralised app (dApp) development. The network aims to address the scalability challenges of Ethereum by providing a modular blockchain network for dApp development.

### How does SKALE work?
SKALE operates using a hybrid architecture that merges the robustness of Layer 1 solutions with the scalability of Layer 2 solutions. Each SKALE Chain acts as a base layer, handling transactions independently without consolidating results to Ethereum's Layer 1. It uses a Proof of Stake (PoS) protocol and a unique SKALE Network Consensus (SNC) algorithm for horizontal scaling and supports full Ethereum Virtual Machine (EVM) compatibility for smart contracts.

### What are the potential use cases for SKALE?
SKALE's potential use cases extend beyond gaming to include real-world assets (RWA) and decentralised physical infrastructure (DePIN) networks. It supports sectors such as Web3 gaming and decentralised finance (DeFi) due to its high-performance, low-cost, and zero-gas features. Notable real-world applications include projects like Exorde and Nebula Gaming Hub.

### What is the history of SKALE?
SKALE was founded in 2018 by Jack O'Holleran, Stan Kladko, and Konstantin Richter, who sought to solve Ethereum's scalability issues. The project raised $17.1 million in private token sales in 2018. By 2024, SKALE achieved significant milestones, processing over 300 million transactions and saving $3.1 billion in gas fees. Its technology has evolved to incorporate the Levitation Protocol and a robust hybrid architecture, enhancing its scalability and compatibility with Ethereum.

SKALE

Layer-2 Bundle

Ethereum

Cardano

Avalanche

Hedera

Polkadot

Aptos

Bittensor

NEAR Protocol

Cronos

Internet Computer

Ethereum Classic

Mantle

Kaspa

Polygon

ATOM

Sonic (ex-FTM)

Arbitrum

Celestia

Quant

SKALE (SKL)

Similar Coins

ETH

ADA

SUI

AVAX

HBAR

DOT

APT

TAO

NEAR

CRO

ICP

ETC

MNT

KAS

POL

ATOM

S

ARB

TIA

QNT

Resources

SKALE (SKL) Price Index

SKALE Price

Trading volume

Market cap

Resources